The battery coating market is projected to grow from USD 329 million in 2022 to USD 658 million by 2027, at a CAGR of 14.9% from 2022 to 2027. The growth of the market is driven by the increasing demand for plug-in vehicles, smart devices, other consumer electronics, and rising demand for batteries in energy storage systems. The rising need for sustainable and high-performance batteries has led to innovations and technological advances in battery materials, providing opportunities for the further growth of the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24757097
Companies such as Arkema SA (France), Solvay SA (Belgium), Asahi Kasei Corporation (Japan), Ube Industries Ltd. (Japan), and PPG Industries, Inc. (US) fall under the winners’ category. These are leading players in the face mask market, globally. These players have adopted the strategies of expansions, agreements, contracts, partnerships, acquisitions, and collaborations, to fulfill the rising demand for face masks on the regional as well as global levels.
In February 2022, Solvay SA invested USD 336 million to support fully integrated and digitalized PVDF operation which is expected to increase capacity at Solvays site in Tavaux, France.
In June 2021, Arkema SA announced a major innovation with the launch of its new sustainable Kynar PVDF range. These new grades are expected to be 100% renewable which is attributed to the carbon derived from crude tall oil bio-feedstock, according to a mass balance approach.
In December 2021, PPG Industries, Inc. announced an investment worth USD 2.7 million to expand its powder coatings manufacturing capabilities at its facility in Sumaré, in the Brazilian state of São Paulo. The project is expected to increase the plant’s production capacity for powder coatings by approximately 40%, beginning the third quarter of 2022.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=24757097
In June 2020, NEI Corporation introduced three new products, further expanding its product line of Battery Electrode Sheets. The new materials cater the rising need in the industry for high performance cathode and anode electrodes for lithium and lithium-ion batteries. The three new products are NANOMYTE BE-70E, NANOMYTE BE-150E, and NANOMYTE BE- 400E.
Read Our Trending Press Release Below:
Acrylic Acid Market – Global Forecast to 2028
Abrasives Market – Global Forecast to 2025
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States